Komori

Trend Micro Incorporated

4704Information and Communications, Services and OthersLarge cap
7,037JPY+7.7%
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Price history
¥7,037Latest+7.4%
Drag across the chart to measure the move between two points.Delayed 15 minutes · monthly closing basis
Business overview

The Trend Micro Group operates its enterprise security business under TrendAI and its consumer business under TrendLife, two independent brands. The enterprise business is seeing strong growth in AI-enabled next-generation SOC-related security centered on Vision One, with Vision One ARR driving overall ARR growth. The consumer business is experiencing periods of declining SaaS product ARR, but growth in Vision One-related ARR is driving the overall result. Cash and cash equivalents were ¥214,195 million, total assets were ¥405,188 million and net assets were ¥119,147 million. ARR increased 5% year on year on a constant-currency basis. Research and development expenses were ¥2,585 million. For the interim period, revenue was ¥148,596 million and operating income was ¥21,792 million, reflecting a decline in earnings. Ordinary income was ¥24,824 million, while interim net income attributable to owners of the parent was ¥15,230 million. The segments report revenue from external customers by region: Japan, the Americas, Europe, Asia and Pacific. No significant contracts were entered into.

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Key numbersShowing 8 of 20
PER
68.97How many years of earnings it would take to buy the stock. The market average is generally considered to be around 15.
PBR
8.82How many times the company's net assets? Around 1x is generally considered a benchmark.
ROE
12.8%Earning power. A figure above 10% is generally considered good.
Dividend yield
0.0%The annual dividend as a percentage of the share price.
Market capitalization
¥1.1tnShare price × number of shares. The value of the entire company.
Equity ratio
28.5%The proportion of assets funded by money that does not have to be repaid.
Operating margin
14.7%The percentage of revenue remaining from the company’s core business.
Revenue growth (3 years)
7.5%The average annual growth in sales over the past three years.
What to watch next
Transition to a sales model offering Vision One platform functionality on a credit basis, and whether this accelerates ARR growth
Reflected from the second half of fiscal 2026 through 2027Impact HighLikelihood Medium
Improved sales efficiency and more trackable KPIs through the separation of the TrendAI (corporate) and TrendLife (consumer) brands
Second half of 2026 to 2027Impact MediumLikelihood Medium
Improvement in operating margin and FCF, reversing the interim period's earnings-decline structure, as well as the direction of any revisions to the company's full-year outlook
From the next earnings release through the next full-year guidance updateImpact HighLikelihood High
Cloud and data-center costs, including AI token charges, and the balance between passing costs through to pricing and maintaining gross margins
Continue monitoring quarterlyImpact MediumLikelihood Medium
What to watch next
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Who owns itTop holders total 39.9%
Listed holders 39.9%Everyone else 60.1%
The Master Trust Bank of Japan, Ltd. (Trust Account)25.95%
Custody Bank of Japan, Ltd. (Trust Account)9.79%
Chan Min Jang4.13%
Who owns it
HolderOwnership (%)
The Master Trust Bank of Japan, Ltd. (Trust Account)25.95
Custody Bank of Japan, Ltd. (Trust Account)9.79
Chan Min Jang4.13
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